06 March 2007

Making Money On The Internet, Update 4

(This is a sponsored post.)

Another good way to make money on the Internet is to sell merchandise online, but that requires either a merchant account or a business/merchant PayPal account to accept credit cards over the Internet, because people don't want to write checks for online purchases. I checked out AdvantageProcessors.com, and it seems that online Web sites are considered high risk merchant accounts. That makes sense, because you don't have the luxury of seeing the purchaser eyeball to eyeball on the Web. If you see the buyer in person and he's wearing tattoos and leather motorcycle gear, yet he's purchasing goods with a credit card and drivers license that has the name and picture of a female Sunday School teacher on it, you'd think something was fishy and refuse to accept the credit card. So selling online can certainly be riskier than selling from a walk-in establishment.

AdvantageProcessors.com has a list of helpful tutorials to help new merchants get started and manage common problems, such as chargebacks. AdvantageProcessors.com advertises competitive pricing and low credit card transaction rates, but one needs to apply for a merchant account before finding out what those rates are.

No comments: